avoiding ICO scam and frauds

[Agetan]

We all are well aware of ICO frauds.

I use the strategy to start with a whitepaper, see team member details and the roadmap.

What strategy you adopt to make sure the ICO is not a scam/fraud?

Scam is bad and all people want to avoid that scamp attemp in ico or other but its not that easy to make us stay away from fraud.
Easy to say but difficult to do. Scam can not be avoid just by checking the whitepaper since whitepaper and roadmap can be made so easily by expert to cover their scammy project.

[Coyoteerex09]

Scam is bad and all people want to avoid that scamp attemp in ico or other but its not that easy to make us stay away from fraud.
Easy to say but difficult to do. Scam can not be avoid just by checking the whitepaper since whitepaper and roadmap can be made so easily by expert to cover their scammy project.

I think menlo.one can help you with that. It's a platform that will serve as a review site for any upcoming ICO. The good thing about is that it can't be corrupted unlike the review sites we have right now where an ICO just pays a certain amount of money to get a +5 review.

[Scripture]

The hardest part is that, even you read whitepaper and ANN thread, still, it can be a candidate for Altcoin scam. I guess for more that a thousand coins, ICO struggle to get on top and even it is still half way through finnish line, it stops their operation because of lack of investor.

[iryboy]

I think proper research about the ICO project can save us from fraudulent ICO, no need to be greedy single -ve point means to get away from the ICO. Most important parts of research are project team and project product or service after the successful ICO.

[Rayner77]

I think proper research about the ICO project can save us from fraudulent ICO, no need to be greedy single -ve point means to get away from the ICO. Most important parts of research are project team and project product or service after the successful ICO.

ICOs are high risk:high reward investments because it can go either way which entirely depends on the developers' integrity; some of which have already proven to have none. It's a waste that new ICO investors just sit on the sidelines waiting for change while legitimate projects end up not getting the funds they deserve.

I'm anticipating a project called MenloOne that's soon to be an ICO markeplace, where its developers mentioned that it will help stop fraud with their unique, decentralized platform. There have been no other similar projects launched before and I'm hoping that this is the change some of us have been waiting for.

[@hosimanaka]

To avoid fraud and cheating in Crypto is the hardest thing, we must have in-depth knowledge, analytical knowledge, today the scammers are very sophisticated we are very easy to make mistakes.

[divowok]

Real genuine ICOs can be a needle in a haystack sometimes, all comes down to risk management and doing proper deep research.

A couple ICOs that are very worth looking into are Muirfield IP and Fr8 Network. Neither ICOs have launched yet but are set to be announced soon. Definitely keep an eye on these projects as they both have very real-world use cases and are utilizing blockchain heavily.

Fr8 Network deals with removing intermediaries in supply chains, bringing revenue back to distributors and carriers.

Muirfield IP is a private equity firm on the blockchain.

[wxa7115]

I think proper research about the ICO project can save us from fraudulent ICO, no need to be greedy single -ve point means to get away from the ICO. Most important parts of research are project team and project product or service after the successful ICO.

ICOs are high risk:high reward investments because it can go either way which entirely depends on the developers' integrity; some of which have already proven to have none. It's a waste that new ICO investors just sit on the sidelines waiting for change while legitimate projects end up not getting the funds they deserve.

I'm anticipating a project called MenloOne that's soon to be an ICO markeplace, where its developers mentioned that it will help stop fraud with their unique, decentralized platform. There have been no other similar projects launched before and I'm hoping that this is the change some of us have been waiting for.

The current state of things is that bad that everyone losses except the scammers, investors looking to earn money and to support good projects lose their money without any compensation, the developers of real icos are unable to get the funds necessary to develop their projects, while in the other hand scammers get all the money and they are not punished by their actions.